GREY:RNKLF - Post by User
Comment by
Geodan2on Oct 03, 2018 5:41pm
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Post# 28740892
RE:RE:Overvalued?
RE:RE:Overvalued?Hi Robert, read your prior post on investing which thought was really good.
At this stage what will happn is never known, just on Comstock which did not start as well as Beta Hunt (2nd best), but the odds can be figured roughly to come up with risk/reward. Am not a "efficient stock market" guy as taught in many colleges.
Pets.com was never worth $500 million and when SUNE was in billions of mkt cap took 5 min look at it and told the person that asked me to look at it it was worse than worthless, would not buy whole company for $1 because it would bankrupt me. Yet analysts had buys on it. It went broke in a year.
On RNKLF have made it biggest position and picked up another 29,000 shrs today even though my avg cost is about .22 Cad, because the risk reward is best know of out there. if was $1.50 today, would not surprise me in least. Worst case, bad luck and IMHO is worth .75, best case well over $20. So have a higher valuation on it than you right now, but in future maybe we see the same.
Cheers